Pause Bot after hitting 1% Per Day

fxhunter183 · 2021-10-25T14:03:11+00:00

Dear all, I have 2 questions and I hope I’ve posted them in the right place. I’ve just started using the Wizard to create a very simple trading bot and I am in the midst of going through the Training Program (Part 1). I would like to seek your opinions if I should pay $95 to proceed with the advanced program course or are there any other sources of information that can help me further build my system? I would like my current trading system to stop/pause trading for the day once it hit a 1% target return per day on capital and continue after a stipulated time. Is this doable in ProRealTime and could someone advice any source code for this? Thank you for your time. Learning in Progress…

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10/25/2021 at 3:03 PM #180324 quote
fxhunter183
Participant

New
Dear all,

I have 2 questions and I hope I’ve posted them in the right place.
1. I’ve just started using the Wizard to create a very simple trading bot and I am in the midst of going through the Training Program (Part 1).
  I would like to seek your opinions if I should pay $95 to proceed with the advanced program course or are there any other sources of information that can help me further build my system?
2. I would like my current trading system to stop/pause trading for the day once it hit a 1% target return per day on capital and continue after a stipulated time. Is this doable in ProRealTime and could someone advice any source code for this?
Thank you for your time.
Learning in Progress…
10/25/2021 at 4:03 PM #180327 quote
robertogozzi
Moderator

Legend
I don’t know that corse. Actually I don’t know of any course.

You know your current level and have read any description, so I thinkyou may decide. Maybe someone who has taken that course may help you further.

As for the code, there you go:
```
ONCE MyCapital = 10000    //10000 units of your account
ONCE PerCent   = 1        //1%
ONCE TradeON   = 1
ONCE MyProfit  = 0
ONCE MyLimit   = MyCapital * PerCent / 100
IF IntraDayBarIndex = 0 THEN
   TradeON  = 1                   //enable trading each new day
   MyProfit = StrategProfit
ENDIF
IF (StrategyProfit - MyProfit) >= MyLimit THEN
   TradeON = 0                    //disable trading after earning PerCent
ENDIF
MyLongConditions = Not OnMarket AND close CROSSES OVER Average[10,0](close)
IF MyLongConditions AND TradeON THEN
   BUY 1 Contract at Market
   SET STOP   pLOSS   20
   SET TARGET pPROFIT 60
ENDIF
```
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10/25/2021 at 4:14 PM #180330 quote

fxhunter183
Participant

New

Thank you.
Apologies, can I trouble you to explain this part of the code? Is this a code instruct a buy order with stop loss at 20 pips and profit at 60 pips?

MyLongConditions = Not OnMarket AND close CROSSES OVER Average[10,0](close)

IF MyLongConditions AND TradeON THEN

   BUY 1 Contract at Market

   SET STOP   pLOSS   20

   SET TARGET pPROFIT 60

ENDIF

10/25/2021 at 4:16 PM #180331 quote
PeterSt
Participant

Master
robertogozzi wrote:

I don’t know that corse. Actually I don’t know of any course.

Maybe you do … In the attachment shows one example. There are more to be found in the Market Place.

fxhunter, if I were you I would start with this boat load of videos : https://www.prorealtime.com/en/videos_tutorial
(but pick the ones you think you need)
That should keep you busy. 🙂

PS: There’s a small typo in Roberto’s example on line 8 :
```
MyProfit = StrategProfit
// should be
MyProfit = StrategyProfit
```
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image_2021-10-25_170857.png
10/25/2021 at 4:20 PM #180333 quote

PeterSt
Participant

Master

fxhunter183 wrote:

can I trouble you to explain this part of the code? Is this a code instruct a buy order with stop loss at 20 pips and profit at 60 pips?

Lesson #1 : The code (any code) is called once per close of bar. The length of the bar (the TimeFrame) can be chosen by yourself. Thus if you have 5 minutes bars, this code is automatically executed each start of a next 5 minute frame.

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10/25/2021 at 4:21 PM #180335 quote

fxhunter183
Participant

New

Thank you.

Actually I was referring to this,, https://www.prorealcode.com/courses/prorealtime-advanced-programming/ because i would like to learn how to code what I would like to see in the system.
In the event, I give up, I am ready to do this. https://www.prorealcode.com/trading-programming-services/

Thanks for clarifying the typo.

haha! :):):)

10/25/2021 at 4:43 PM #180344 quote

PeterSt
Participant

Master

fxhunter183 wrote:

Actually I was referring to this,, https://www.prorealcode.com/courses/prorealtime-advanced-programming/ because i would like to learn how to code what I would like to see in the system.

Haha, yes, that is the same as the one I referred to. The author is the same as the person hosting this website (Nicolas) so it is always advisable (says me).
But those videos I linked to are also from him … as far as I know …

And if everybody starts to follow such courses, Roberto may have some more free time. 🙂
(although it will be what he likes to do – pulling all those coding examples from his sleeve)

fxhunter183 thanked this post

10/25/2021 at 4:54 PM #180348 quote

fxhunter183
Participant

New

PeterSt wrote:

fxhunter183 wrote:

Actually I was referring to this,, https://www.prorealcode.com/courses/prorealtime-advanced-programming/ because i would like to learn how to code what I would like to see in the system.

Haha, yes, that is the same as the one I referred to. The author is the same as the person hosting this website (Nicolas) so it is always advisable (says me).

But those videos I linked to are also from him … as far as I know …

And if everybody starts to follow such courses, Roberto may have some more free time. 🙂

(although it will be what he likes to do – pulling all those coding examples from his sleeve)

Great. I’m gonna go through that.
I’m starting clueless…… long road ahead.

11/01/2021 at 3:18 AM #180711 quote

fxhunter183
Participant

New

Hi there,

I need some help with the code to pause the trading bot for the day once 2 Stop limit is hit within 1 trading day.
I did find the something relevant but i don’t think that’s really want i need. https://www.prorealcode.com/topic/pause-system-after-2-losses/

Let me know if i should have started a new thread for this.

Just to confirm my understanding, codes to pause the trades after hitting 1% and after hitting 2 stop limit, should be placed before the buy/sell conditions since systems read codes sequentially?

11/01/2021 at 10:33 AM #180736 quote

robertogozzi
Moderator

Legend

This exactly the code you need https://www.prorealcode.com/topic/pause-system-after-2-losses/#post-173516
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